Bond 23 Canceled

MGM's financial woes just seem to continue, and threaten the livelihood of several quality, high-profile projects in the works. First, the continuing delays caused by MGM's money situation forced Guillermo Del Toro's exit from The Hobbit, and now it looks like they're shutting down Daniel Craig's third outing as James Bond.

Just a few months ago, it was reported that acclaimed director Sam Mendes had taken the reigns of the Bond franchise, and even more recently, rumors that Rachel Weisz was to play the bad guy in Bond 23. But now it seems all that has come to a halt.

While Eon Productions had suspended active development of the film back in April, it appears now that the film has been canceled outright. British gossip rag The Mirror has "confirmed the movie has been axed – and it could be years before the secret agent with a licence to kill is back on the big screen."

According to the tabloid, an "insider" told them, "Members of the production crew have been told the Bond film has been canned. There is a lot of bad feeling as a lot of time, money and hard work has already gone into this."